Despite prolonged geopolitical tensions in the Middle East, Asia’s CIOs remained confident in US equities and gold, extending the trend seen in 1Q26, according to Asian Private Banker‘s review of major house views. While bullish sentiment on equities and gold lingered on, the constructive view on private markets from the previous quarter weakened amid recent headlines of private market stress. […]

The post CIO views 2Q26 visualised: PBs bullish equities, gold, but turn cautious on private markets appeared first on Asian Private Banker.

Asia’s private banking AUM has crossed the US$4 trillion mark, according to Asian Private Banker‘s 2025 League Tables. With J.P. Morgan Private Bank entering the top three for the first time and Nomura International Wealth Management (IWM) making its debut in the tables, the 2025 rankings saw widespread movements. J.P. Morgan Private Bank led this growth with a 41% increase […]

The post Asia 2025 AUM League Tables: Assets cross US$4tn, JPM enters top three, Nomura debuts appeared first on Asian Private Banker.

BNP Paribas Wealth Management (BNP Paribas WM) launched the BNP Paribas Bridge Foundation Limited (Bridge Foundation) on Tuesday, a donor-advised fund platform, the bank announced in a statement. The platform seeks to support Asian entrepreneurs, HNW individuals, and family offices by providing them with a disciplined and governed approach to philanthropy. The Bridge Foundation leverages BNP Paribas WM’s experience in […]

The post BNP Paribas WM rolls out donor-advised fund platform for Asia’s philanthropists appeared first on Asian Private Banker.

Galloping into the Year of the Fire Horse, the race continues among private banks and asset managers to see who can distribute the most spectacular red packets to clients. More than just traditional gifts for family and friends, these laisee, or hongbao, have morphed into cult collectables, often trading on secondary markets for prices that rival the currency inside. Horses […]

The post Vote now: Who has the best red packets in Year of the Horse? appeared first on Asian Private Banker.

Asian Private Banker is delighted to present Final Word 2025, our year-in-review feature featuring regional heads from wealth management players across APAC. Click here to read Final Word 2025 In this exclusive feature, top executives reflected on what kept them up at night in 2025, covering everything from digital transformation to regulations, and business strategy to investment performance. Below are some […]

The post Final Word: Private banking leaders reflect on strong a 2025, reveal strategies for 2026 appeared first on Asian Private Banker.

For the world’s elite private banks, office space is more than just a place to house staff. It’s where clients meet, deals are made, and generational relationships formed. Often housing bespoke artwork and well-being centres, while offering stunning views and state-of-the-art facilities, offices are a statement for the bank’s value proposition. And in private banking – being in the business […]

The post Revealed: This is the best private banking office in Hong Kong appeared first on Asian Private Banker.

If there is one wealth market that warrants greater attention, it is China’s. The nation of 1.4 billion people currently has a total wealth of roughly US$91 trillion, making it the world’s second-largest holder of total household wealth after the United States, which maintains around US$163 trillion. The country’s ultra-wealthy, or the top 10%, alone make up nearly 68% of […]

The post APB Summit 2025: Standard Chartered, BNP Paribas on China’s changing investor risk appetite appeared first on Asian Private Banker.

Banks hailing from the UK and continental Europe delivered robust top- and bottom-line growth in the third quarter of 2025, mirroring the strong earnings reported by their American counterparts. UBS Global Wealth Management (GWM), Deutsche Bank Private Bank, BNP Paribas Wealth Management (BNP Paribas WM), HSBC, and Standard Chartered all posted double-digit revenue or profit growth, supported by higher client […]

The post 3Q25: European private banks keep pace with US rivals appeared first on Asian Private Banker.

Private banks in Southeast Asia have been seeing record growth across the region, according to private banking leaders at the APB Summit 2025 in Singapore. The panel discussion, Southeast Asia focus: Gearing up for 2026 – growth, strategies, and expansion, delved into what has been driving growth in the wealth space over the past year and how banks are working […]

The post APB Summit 2025: HSBC, JP Morgan PB, BNP Paribas WM, Pictet dissect Southeast Asia’s growth engines appeared first on Asian Private Banker.

North Asia’s private wealth business is experiencing unprecedented growth, breaking records across the board in 2025, according to leading private bankers at the Asian Private Banker Summit 2025 in Hong Kong today. The panel discussion, Behind the Rebound: Momentum in North Asia’s Private Wealth Business, highlighted the convergence of massive wealth creation, strategic migration, and rapid technological adoption as the […]

The post APB Summit 2025: UBS, Julius Baer, BNP Paribas ride record North Asia wealth flows appeared first on Asian Private Banker.

BNP Paribas Wealth Management (BNP Paribas WM) has named an Asia head of private and alternative investments. Effective 1 September, Kah Yi Chung is now the French lender’s head of private and alternative investments, Asia, according to a memo sent out by Shafali Sachdev, head of investment services, APAC, on Friday. Chung will be based in Singapore and reports directly […]

The post Ex-HSBC South Asia alts head steps up at BNP Paribas WM appeared first on Asian Private Banker.

For 2H25 and 3Q25, most private banks are neutral on global and US equities with a preference for Asia ex-Japan and China. Most are also neutral on fixed income, with investment grade being the most preferred fixed income asset class. Short-term bonds and cash are the least preferred. A positive sentiment is seen for alternatives, with the majority of banks […]

The post Asset allocation 2H25: Private bank CIOs bet on Asia, China, and alts appeared first on Asian Private Banker.

France and Germany’s largest private banks, BNP Paribas Wealth Management (BNP Paribas WM) and Deutsche Bank Private Bank, both achieved double-digit profit before tax (PBT) growth in their earnings reports for 2Q25, alongside revenue and AUM growth. Deutsche Bank’s private banking business recorded a 56% YoY increase in PBT, while that for BNP Paribas’s wealth management unit was up 14% […]

The post Deutsche Bank PB and BNP Paribas WM post double-digit PBT growth appeared first on Asian Private Banker.

As Thailand emerges as a potential hotspot for wealth management, international players in the region are aiming to differentiate their offerings to capture AUM and talent in this growing market. This is according to senior executives at this year’s edition of Asian Private Banker‘s annual Thailand Private Banking Leaders Conversation. The Bangkok event drew a full house of senior executives, […]

The post “There is a war for talent”: Int’l private banks reveal onshore Thailand playbook appeared first on Asian Private Banker.

BNP Paribas Asset Management (BNP Paribas AM) has named a new head of investor relations for private assets Asia Pacific, the firm announced, as it plans to push deeper into the alternatives space with the acquisition of AXA Investment Managers. Effective 1 April 2025 and based in Singapore, Jeff French will report to Mike Nikou, APAC CEO. French will be […]

The post BNP Paribas AM makes senior hire for private assets in APAC appeared first on Asian Private Banker.

BNP Paribas Wealth Management has hired a market head for Southeast Asia in Singapore, Asian Private Banker understands. Sean Tay will join the French bank in the second half of the year, reporting to Garth Bregman, head of wealth management Singapore and Southeast Asia, multiple people familiar with the matter told Asian Private Banker. Tay’s appointment follows the departure of Alison […]

The post BNP Paribas WM hires UOB PB market head for Southeast Asia appeared first on Asian Private Banker.

With the year of the snake approaching, competition between private banks in Asia is hotting up when it comes to who can distribute the most dazzling red packets to clients. These envelopes – known as laisee or hongbao – are traditionally given to family members and friends. However, they can also be highly sought-after collectors’ items and fetch a premium […]

The post Vote now: Who has the best red packets in Year of the Snake? appeared first on Asian Private Banker.

China’s 3Q24 GDP growth rate beat market expectations following the announcement of fresh government stimulus, eking closer to Beijing’s 5% target for the year. Although giving room for optimism, asset managers still hold out for more long-term support. 3Q24 GDP growth of the world’s second-largest economy slowed to 4.6% YoY from 4.7% in the previous quarter, narrowly beating the market […]

The post China’s economy slows again as private banks wait on fiscal bazooka appeared first on Asian Private Banker.

With an estimated US$83.5 trillion in assets to be passed down to the next generation over the next 20 to 25 years, private banks recognise the urgency of capturing the next-gen opportunity, private banking CEOs said at Asian Private Banker’s Hong Kong Summit. However, understanding the wants and needs of next-gen clients, as well as how to cater to them, […]

The post APB Summit 2024: BNP Paribas WM, Julius Baer, UBP on engaging next-gen clients appeared first on Asian Private Banker.

BNP Paribas has named a new chief executive officer for its Taiwan business, the French lender announced on Monday. Bruno Boussard will oversee BNP Paribas’ operations in Taiwan, including corporate and institutional banking (CIB), wealth management, asset management, securities and insurance businesses. He will be based in Taiwan and report to Paul Yang, CEO Asia Pacific, the bank said in […]

The post BNP Paribas appoints CEO for Taiwan appeared first on Asian Private Banker.

On Tuesday, China’s authorities unveiled a package of measures to boost market sentiment as Asia’s largest economy continues to struggle with weak domestic demand and a drawn-out property market slump. Used to a cautious Beijing, private bank analysts were surprised with the extent of this latest round of measures. However, they still believe the package falls short of the stimulus […]

The post Private banks: Beijing’s stimulus package more aggressive than expected, but still falls short appeared first on Asian Private Banker.

With the upcoming US presidential election, geopolitical flashpoints around the globe and a significant rate cut, private banks and asset managers have been emphasising the need to broaden exposure when moving into the final quarter of 2024. “Yet, all this uncertainty should bring opportunities for investors. Staying nimble will be key as economies move towards a lower growth, lower inflation […]

The post Outlook 4Q24: Private banks, asset managers eye Asian opportunities as global economy slows appeared first on Asian Private Banker.

BNP Paribas Wealth Management (BNP Paribas WM) has appointed a head of investment funds advisory for Asia from its asset management arm, Asian Private Banker understands. Effective 2 September 2024, Adrien Lalau has been appointed head of investment funds advisory Asia at BNP Paribas WM, according to an internal memo seen by Asian Private Banker. In his new role, Lalau […]

The post BNP Paribas WM names head of funds advisory Asia appeared first on Asian Private Banker.

Two senior relationship managers (RMs), including a team leader, have recently left BNP Paribas Wealth Management (BNP Paribas WM) in Singapore, Asian Private Banker understands. Wilson Yiu, a market leader for the Greater China market, has recently left the firm, according to people familiar with the matter. Yiu joined BNP Paribas WM in Singapore in late 2022 and left the […]

The post Two senior RMs leave BNP Paribas WM in Singapore appeared first on Asian Private Banker.

It is no secret that the key to success as a private banker in Asia is your network. But increasingly that concept has spread to the digital age, with the region’s top relationship managers, market heads and executives all seeking to expand their influence on social media. That is most evident on LinkedIn, the world’s largest professional network, which is […]

The post Influencer power list: The private bankers you need to follow on LinkedIn appeared first on Asian Private Banker.

In 2023, discretionary portfolio management (DPM) industry conversations were dominated by the topic of how to get clients out of cash and put their money back to work. Meanwhile, much time and energy was spent promoting sustainable investments (SI). Amid all the chatter, have banks managed to increase their Asia DPM penetration? And have more funds really been directed towards […]

The post Asia 2023 DPM and SI League Table: Sustainable investments break US$1 trillion, while DPM penetration stays stuck in the mud appeared first on Asian Private Banker.

2023 was a year that saw an intense war for talent among private banks in Asia Pacific. The merger of UBS and Credit Suisse formed the region’s largest private bank, allowing the banking behemoth’s competitors to woo ex-Credit Suisse bankers left adrift amid the fallout. Now the dust has settled – and taking a close look at the hard data – […]

The post Asia 2023 RM Headcount League Table: PB headcount edges higher amid industry shakeup appeared first on Asian Private Banker.

BNP Paribas Wealth Management (BNP Paribas WM) has named a new market head for Hong Kong, the firm said in an announcement on Monday. Janet Chan has been appointed as the French bank’s market head of Hong Kong, reporting to Lemuel Lee, head of wealth management, Hong Kong. In her new role, Chan will lead the team of Hong Kong […]

The post BNP Paribas WM names new Hong Kong market head appeared first on Asian Private Banker.

The private banking and wealth management industry in Asia has a significant number of women in senior leadership positions, from UBS’s Amy Lo and Jin Yee Young, J.P. Morgan Private Banking’s Harshika Patel, to Citi’s San-San Chan and DBS’s Carol Wu, to name but a few. Here, Asian Private Banker has gathered the views of ten leading women, who shared their […]

The post IWD 2024: What new PB female leaders can learn from Amy Lo and Harshika Patel appeared first on Asian Private Banker.

As the fight for talent in private banking continues going into 2024, the new destinations of ex-Credit Suisse bankers are becoming apparent. Ex-Credit Suisse bankers resurface The year kicked off with former Credit Suisse APAC CIO John Woods joining Lombard Odier’s private banking arm as CIO and head of investment solutions for APAC. Woods was among the senior Credit Suisse […]

The post Movers & Shakers – January 2024: Ex-Credit Suisse bankers resurface in new roles appeared first on Asian Private Banker.

Leading private banks in the US and Europe have, with a few notable exceptions, reported relatively weak earnings for FY23. While not quite the annus horribilis of 2022, behind the weaker-than-expected earnings is a nevertheless difficult year for private banks. Globally, markets were impacted by high inflation, quantitative tightening, geopolitical uncertainty, wars in Europe and the Middle East, and China’s stuttering […]

The post Deutsche Bank PB, Citi PB post disappointing FY23 earnings appeared first on Asian Private Banker.

Asian Private Banker is proud to present its inaugural Women in Wealth Management report. In this report, we sought to identify, analyse and celebrate companies that are paving the way when it comes to supporting the valuable and unique role that women play in the regional industry. For the first time, industry practitioners have access to granular details on the […]

The post Women in Wealth Management: Three key takeaways appeared first on Asian Private Banker.

China is a market which splits investors, with some deterred by the ongoing property crisis and slower-than-expected growth, and others seeing attractive valuations and a still significant near 5% growth rate. BNP Paribas, Morgan Stanley and CSOP Asset Management weighed in on the conversation, laying their cards on the table during the panel discussion Cracking the code – Maximising investment […]

The post BNP Paribas, Morgan Stanley: Lack of confidence still weighs on China market appeared first on Asian Private Banker.

While activity in the alternatives market may have slowed, for clients ready to deploy more capital to alts, BNP Paribas Wealth Management (BNP Paribas WM) has spotted a new rising theme. According to Royston Low, managing director and head of private investments for Asia, the French bank has performed well when it comes to asset gathering in the private markets. […]

The post This rising alts theme could bring much-needed stability to Asian portfolios: BNP Paribas WM appeared first on Asian Private Banker.

With rising wealth in Asia, private banks are presented with a strategic choice: focus on providing bespoke services to fewer ultra-high-net worth (UHNW) clients, or attempt to capture the mass affluent and early-stage HNW clients as their wealth increases. Asian Private Banker spoke to three banks – Citi Private Bank, Morgan Stanley and BNP Paribas – as they elucidated their […]

The post Private banks on mass affluent rush: Citi, Morgan Stanley, BNP Paribas have their say appeared first on Asian Private Banker.

Bankers moving from sell side to wealth management need to learn to be versatile, according to one of Asia’s top private bank product heads. For Gabriel Chan, a mantra for his team to achieve this is: “buy side on products, sell side on service”. “You may need to be the expert of a particular sector or companies when you are […]

The post These are the sell-side skills needed in WM: Gabriel Chan of BNP Paribas appeared first on Asian Private Banker.

BNP Paribas Wealth Management (BNP Paribas WM) has appointed a new COO for Asia to succeed Long Doan, who will soon step down, Asian Private Banker can reveal. Effective 1 June, Marc Kermaidic will become the COO for the French bank’s Asia wealth management business. Based in Singapore, Kermaidic will report to Arnaud Tellier, Asia CEO of BNP Paribas WM, […]

The post BNP Paribas Wealth Management names new COO for Asia appeared first on Asian Private Banker.

The 12th annual APB Summit returns to its in-person format in Singapore on 1 December. In this year’s iteration of Asian Private Banker’s flagship event, our carefully selected speakers will look back at the seismic events that have jolted the industry over the past year, as well as identify the potential opportunities, and challenges, that 2023 may bring. The market […]

The post What to expect from the 12th annual APB Summit in Singapore appeared first on Asian Private Banker.

BNP Paribas Asset Management, which has €488 billion in AUM, has outlined a roadmap for achieving net zero portfolio emissions by 2050. The European fund manager hopes to progressively align its portfolio investments with the goal of reaching net zero emissions, together with associated efforts across its stewardship activities and its operations. That would mean “transitioning our investments to net […]

The post €488B fund manager unveils plan to achieve net zero by 2050 appeared first on Asian Private Banker.

This week: All eyes on China consumption recovery: MegaTrust Investments; Easing COVID-19 restrictions creates opportunities: BNP Paribas; More headwinds for non-US equities: Nuveen All eyes on China consumption recovery: MegaTrust Investments China A-shares in sectors including consumption, technology, healthcare and financials are set to outperform amid global market turmoil, according to one prominent boutique investor, who has pointed to recovering […]

The post CIO Weekly – Why this investor thinks it’s time to buy China consumption stocks appeared first on Asian Private Banker.

You can’t blame private banking clients for being disappointed of late in the traditional 60/40 balanced portfolio. The portfolio — consisting of 60% equity and 40% fixed income — used to provide investors with a degree of safety, but for most of 2022 stocks have fallen into bear territory, while many bond funds experienced one of their worst years, so […]

The post “Death” of 60/40 portfolio an exaggeration: BNP Paribas WM and Credit Suisse appeared first on Asian Private Banker.

This week: Middle East and Africa bonds offer diversification option for Asian home bias: Standard Chartered; Pictet WM sees lower returns in real assets and private assets; Policy rate cut unlikely to revive Chinese economy: BNP Paribas Middle East and Africa bonds offer diversification option for Asian home bias: Standard Chartered Standard Chartered Wealth Management believes that markets in the […]

The post CIO Weekly – Tired of China and Asia? Try this asset class in the Middle East: Manpreet Gill of Standard Chartered WM appeared first on Asian Private Banker.

China’s economy experienced a tough 1H2022 as COVID-19 lockdowns hit activity and growth. However, 2H2022 is unlikely to be smooth sailing with market volatility, an under pressure property sector and rising unemployment among the headwinds that private banks must navigate in the coming months. Below, Asian Private Banker outlines five key challenges facing the world’s second-biggest economy. Lower GDP expectations […]

The post Five China challenges for private banks in 2H2022 appeared first on Asian Private Banker.

UBP has appointed a new head of structured products for the region, Asian Private Banker can reveal. Karrie Fung has joined the Swiss pure-play as managing director, head of structured products Asia, according to an internal memo. In her new role, she will assist wealth management and investment services in creating timely and targeted structured product solutions for UBP’s Asian […]

The post UBP appoints new head of structured products for Asia appeared first on Asian Private Banker.

Hong Kong’s Securities and Futures Commission (SFC) has banned a former BNP Paribas Wealth Management (BNP Paribas WM) relationship manager from the industry for 27 months for making discretionary trades in an client account without obtaining written authorisation. The regulator said that Kim Bum Suk bought and sold investment products for a client account using pre-signed, blank client instruction forms […]

The post Hong Kong’s SFC bans former BNP Paribas WM relationship manager for 27 months appeared first on Asian Private Banker.

The gradual but significant transfer of Asian wealth to the next generation is changing how philanthropy is practised in the region. Three banks share their observations with Asian Private Banker. More than merely “cheque writing” Garth Bregman, head of investment services, Asia Pacific, BNP Paribas Wealth Management, told Asian Private Banker that he has observed that many next-gen clients have […]

The post Three next-gen philanthropy trends to watch in 2022 appeared first on Asian Private Banker.

China’s hedge funds are increasingly getting the attention of U/HNWIs and private banks, even as equity markets in the world’s second-biggest economy reel from a whirlwind of regulatory actions targeting megacap technology groups. The country’s hedge fund industry has flourished in recent years, with figures from the Asset Management Association of China showing that there were more than 1 million […]

The post Chinese hedge funds grab U/HNWIs’ attention as volatility hits stock markets appeared first on Asian Private Banker.

As the fifth wave of COVID-19 strikes Hong Kong, straining hospitals and adding hardship to the livelihoods of vulnerable communities, three private banks shared with Asian Private Banker how their philanthropy teams are channelling charitable funding from clients to alleviate the plight of the needy. BNP Paribas WM BNP Paribas Wealth Management has observed increased client interest in supporting local […]

The post As Hong Kong buckles under fifth COVID wave, BNP, HSBC and UBS explain philanthropic advisory services appeared first on Asian Private Banker.

Gender equality, diversity and inclusion sit in the “S” of ESG and BNP Paribas believes that issuers promoting social equality will be vital in developing the market for green products. Citing research from MSCI, Huang Chaoni, head of sustainable capital markets APAC at BNP Paribas, said that Hong Kong has only about 12.7% of listed companies directorships held by women. […]

The post Growth of green products market hinges on issuers pushing the “S” in ESG: Huang Chaoni of BNP Paribas appeared first on Asian Private Banker.

Looking ahead to China in 2022, many wealth managers could not help but hold their breath. Between slowing global demand, rising inflation and the Omicron coronavirus variant doing its worst, the pragmatic take seems to be caution — or even reducing exposure to Asia’s largest economy. Yet three recent events could make China a surprise bright spot for private bank […]

The post China’s pivot from zero-COVID could be a ‘buy’ signal for private banks appeared first on Asian Private Banker.

BNP Paribas has hired Deutsche Bank’s former head of equity advisory, Asian Private Banker has learnt. Chris Zee rejoined the French giant earlier this month as managing director, head of equity advisory for Wealth Management Asia. In his new role, Zee will strengthen the French bank’s equity advisory platform, particularly with regards to its thematic product offerings. He will work […]

The post BNP Paribas hires head of equity advisory from Deutsche Bank appeared first on Asian Private Banker.

This week: BNP Paribas WM prefers cyclicals over growth, expects easing in Beijing’s COVID-19 policy; DBS considers negative rates a tailwind for stocks BNP Paribas WM prefers cyclicals over growth A surge in inflation in the US will likely peak in 1Q22 before subsiding during the rest of the year, according to the Asia CIO of BNP Paribas Wealth Management. […]

The post CIO Weekly – US inflation peak near but watch out for Omicron risks: Prashant Bhayani of BNP Paribas WM appeared first on Asian Private Banker.

Investor services firm IQ-EQ has picked a new group chief commercial officer to help it grow organically. Emma Crabtree will be responsible for the commercial and segment strategy of the IQ-EQ group of companies, its growth plans and its go-to-market approach, in addition to building a group-wide unified commercial and sales culture. Crabtree has over 26 years of experience in […]

The post IQ-EQ nabs BNP Paribas Securities global head of sales as new group chief commercial officer appeared first on Asian Private Banker.

A managing director has exited BNP Paribas to join Crosby as CEO of its newly established multi-family office (MFO) business, Asian Private Banker can reveal. Chris Tang has been appointed as the CEO of Crosby Wealth Management, effective 3 Jan 2022. Tang will be leading the firm in establishing its wealth management business, which includes the provision of an online […]

The post BNP Paribas MD moves to lead Crosby’s new MFO business appeared first on Asian Private Banker.

The heads of the leading private banks in Asia believe that onshore markets can provide the next major opportunities for their businesses, but they differ on how best to navigate the region’s domestic wealth landscape. “Today, a lot of people are talking about wealth from an offshore perspective, but we believe wealth is fundamentally domestic,” François Monnet told attendees at […]

The post Onshore markets offer great opportunities, if you know how to unlock them: Asia PB CEOs appeared first on Asian Private Banker.

Deutsche Bank Wealth Management has recruited three senior bankers from rival institutions. Effective 22 November, Felicia Tan has been named director, team leader, and Edmund Tee vice president; and effective 25 November, Dita Darmawan has been appointed as director, according to an announcement by Deutsche Bank. Based in Singapore, Tan and Tee report to Urs Brudermann and Darmawan reports to […]

The post Deutsche Bank WM adds three to Southeast Asia team appeared first on Asian Private Banker.

Standard Chartered Private Bank has onboarded two managing directors from BNP Paribas Wealth Management, Asian Private Banker can reveal. Lisa Teo and Karen Cheong have joined Standard Chartered PB from BNP Paribas, according to sources close to the matter. A spokesperson for Standard Chartered has confirmed with Asian Private Banker that Teo has joined the bank as market head, private […]

The post StanChart PB picks two MDs from BNP Paribas WM appeared first on Asian Private Banker.

This week: The bull market run will last into 2022: Leo Wealth; UBP sees energy crunch weigh on China’s already-weakened growth; BNP Paribas adjusts outlook for Asian markets following diverging central bank policies; Credit Suisse: Recovery outlook for foreign bond investors will get worse before it gets better in China The bull market run will last into 2022: Leo Wealth […]

The post CIO Weekly – The bull market run will last into 2022: Harmen Overdijk of Leo Wealth appeared first on Asian Private Banker.

Credit Suisse has entered into a referral agreement to make it easier for its prime brokerage clients to transition to rival BNP Paribas as an alternative service provider. The referral agreement with BNP Paribas follows the Swiss lender’s decision to withdraw from prime broking and derivatives clearing in the aftermath of the Archegos scandal. “Credit Suisse will support affected customers […]

The post Credit Suisse signs deal to refer prime brokerage clients to BNP Paribas appeared first on Asian Private Banker.

A rapidly evolving market environment and shifting client investment styles have spurred changes in how private banks approach lending — the bread and butter of their business. Universal banks argue that future lending innovations will depend on a holistic offering that straddles private and investment banking. Senior executives from private banks joined a conversation with asset-backed lending provider Equities First […]

The post Next chapter of WM lending will start with PB/IB interplay: private banks appeared first on Asian Private Banker.

The Hong Kong Monetary Authority has named the first batch of market makers for the Southbound Trading under the Bond Connect Scheme, in China’s ongoing push to liberalise its financial market. A total of 13 banks have been selected by the city’s de facto central bank to facilitate the operation and bond trading for the Southbound scheme. The financial institutions […]

The post HKMA designates 13 market makers for Southbound bond trading scheme appeared first on Asian Private Banker.

Scepticism over data is one of the biggest barriers to faster adoption of ESG among investors in the Asia-Pacific region, a new study has shown. The majority of investors in the region have said that inconsistent quality of data across asset classes and challenges around data consistency and quality (cited by 79% and 72% of investors, respectively) are holding back […]

The post Data concerns an obstacle to ESG adoption among APAC investors: BNP Paribas appeared first on Asian Private Banker.

BNP Paribas’s asset management arm is in talks with the wealth management subsidiary of Agricultural Bank of China (ABC) to set up a wealth management joint venture, targeting the country’s rapidly expanding US$19 trillion wealth management market. The French firm will hold a majority stake in the yet-to-be-formed joint venture, which would provide access to ABC’s large retail client base […]

The post BNP Paribas mulls onshore WM JV with Agricultural Bank of China appeared first on Asian Private Banker.

BNP Paribas has appointed a head of Philanthropy Services for Asia, Asian Private Banker can reveal. Mae Anderson has joined the French bank to lead the bank’s philanthropy segment. Anderson joins from Credit Suisse, where she had worked for the past 10 years. She was most recently director, head of emerging talent for Private Banking APAC. Before that, she led […]

The post BNP Paribas hires head of philanthropy services for Asia from Credit Suisse appeared first on Asian Private Banker.

BNP Paribas Wealth Management has hired a Hong Kong market MD from Standard Chartered Private Bank, Asian Private Banker has learnt. Phoebe Chow will be joining BNP Paribas as managing director, reporting to Lemuel Lee, head of the Hong Kong market, according to sources close to the matter. Chow was most recently a managing director and team leader at Standard […]

The post BNP Paribas WM nabs MD from StanChart PB appeared first on Asian Private Banker.

BNP Paribas China Limited has received a custodian bank licence as part of China’s Qualified Foreign Investor (QFI) scheme, enabling the bank to offer full-scope services to foreign institutional investors in China, according to an announcement by the bank. With the new licence, the French lender’s onshore entity can now provide foreign institutional investors access to China’s domestic equities and […]

The post BNP Paribas China’s new custodian bank licence will broaden cross-border offerings appeared first on Asian Private Banker.

This is a sponsored article from BNP Paribas Wealth Management. In their own businesses, entrepreneurs tend to aim high and develop a keen understanding of how to balance risks and returns. So when they invest their personal wealth, it is natural that these qualities influence their investment decisions – and lead many entrepreneurs to consider investing in Private Equity (PE) […]

The post Private equity: the natural alternative for entrepreneurial investors appeared first on Asian Private Banker.

BNP Paribas has hired an NRI veteran from Credit Suisse, Asian Private Banker can reveal. Aditya Singh Chauhan will join the French bank and take the leadership role to oversee the NRI teams in both Hong Kong and Singapore. Chauhan will be based in Singapore. Last week, the NRI team head resigned from his role at Credit Suisse. He will […]

The post BNP Paribas hires NRI veteran from Credit Suisse appeared first on Asian Private Banker.

InvestCloud on Thursday announced it has been selected by BNP Paribas Wealth Management to offer Client Relationship Management (CRM) and Client Lifecycle Management (CLM) services for onboarding and nurturing HNW client relationships. The French bank has picked the InvestCloud solution based on the strength of its “leading automation technology” that streamlines the onboarding process and the simpler way in which […]

The post BNP Paribas picks InvestCloud for HNW CRM and CLM solutions appeared first on Asian Private Banker.

Mignonne Cheng, one of Asia’s most experienced bankers and wealth management practitioners, has been appointed Asia chairman of J. Safra Sarasin. Cheng joins the Swiss bank following a three-decade-long career at BNP Paribas, where she was most recently Asia chairman for its Wealth Management franchise — a business she helped grow as head of North Asia and CEO of the […]

The post J. Safra Sarasin names Mignonne Cheng as Asia chairman appeared first on Asian Private Banker.

This week: Oreana: Rotation into cyclicals and value stocks will persist; BNP Paribas: Not all EMs are turning out to be equal; UBS Chief Investment Office: Rotation into value to continue with US financials poised to benefit Oreana: Rotation into cyclicals and value stocks will persist Risk assets have continued their rebound despite periodic pullbacks that have gathered pace in […]

The post CIO Weekly – Featuring Isaac Poole of Oreana appeared first on Asian Private Banker.

BNP Paribas Wealth Management, which landed a major coup when it named former Citi Private Bank heavyweight Kevin King as its new China market head, has hired two more RMs from the American lender. The bank has appointed Hong Kong-based Jenny Cho as executive director and Tony Hui as senior vice president at the French lender, according to sources close to […]

The post BNP Paribas WM nabs two from Citi PB appeared first on Asian Private Banker.

BNP Paribas Wealth Management has announced the hiring of a new China market head who recently exited Citi Private Bank. Kevin King, a veteran banker who was until recently at Citi Private Bank, will be taking up the role as head of China market at the French lender, with immediate effect. According to the bank’s press release, King will continue […]

The post Former Citi PB Banker re-emerges at BNP Paribas appeared first on Asian Private Banker.

The takeaway from China’s annual political convention last week is that achieving quality, sustainable economic growth — with a clear emphasis on tackling financial risks— is the top of the agenda for the People’s Bank of China, economists contend. The week-long gathering of Chinese policymakers signalled a slow pull back fiscal and monetary stimulus throughout the year while maintaining positive […]

The post Banks weigh in on China’s “two sessions” as authorities set moderate growth targets appeared first on Asian Private Banker.

Over the past year, Asian investors’ heightened awareness has driven unprecedented inflows into ESG investment products, especially in the debt capital market. Responding to investor appetite, an emerging trend for 2021 will be green bonds that are aligned to climate themes, BNP Paribas Asset Management anticipates. “2020 was a remarkable year with supply of sustainable bonds shooting at almost a […]

The post New flurry of green bonds in APAC will be ‘climate-aligned’: BNP Paribas appeared first on Asian Private Banker.

As risk appetite improves on the back of a global economic recovery — driven by vaccine discoveries, expansive fiscal and monetary policies and a change of US president — the USD is likely to continue on its weakening trajectory, believe a number of wealth and asset managers in Asia. “We have been bearish on the USD for a while,” Shafali […]

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The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: Both Singapore and Hong Kong are placing a strong emphasis on cultivating a competitive and supportive environment for family […]

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The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: How is your bank optimising the utility of the relevant digital tools to prepare frontline staff for client engagement […]

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The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: Where do you see the best application of data analytics/machine learning in private banking? Lok Yim, Deutsche Bank We […]

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The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: What important steps did your bank take to drive the sustainable investing agenda and to increase access to sustainable […]

The post Final Word 2020: Sustainable investing opportunities appeared first on Asian Private Banker.

The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: What key investment themes shape your bank’s 2021 outlook — and why? Tan Siew Meng, HSBC Private Banking Asia […]

The post Final Word 2020: Top investment themes appeared first on Asian Private Banker.

The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: Few can deny the importance of Asia’s onshore wealth markets — in terms of asset pools and the need […]

The post Final Word 2020: Asia’s PBs and the onshore opportunity appeared first on Asian Private Banker.

Wealthtech and fund distributor Allfunds has exceeded the 1,000 mark for its global fund distribution agreements, of which 133 came in 2020. There are now over 2,000 fund houses on its platform. David Perez de Albeniz, regional manager Asia at Allfunds explained that the number of fund houses available depends on the investor type: “Institutions working with Allfunds will request […]

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5 Key pillars for sustainable investment across assets

The post APB Thought Leaders: BNP Paribas Asset Management appeared first on Asian Private Banker.

Wealthtech and fund distribution provider Allfunds announced the appointment of its new CFO joining from financial intelligence company Qontigo. Amaury Dauge joined Allfunds as chief financial officer. He was most recently CFO & COO of Qontigo. Based in Madrid, Dauge will be part of the Allfunds executive committee and report directly to CEO Juan Alcaraz. Dauge was president & CFO […]

The post Allfunds picks CFO from financial intelligence firm appeared first on Asian Private Banker.

Thematic or megatrend equity funds or DPMs have been driving major inflows for quite a number of private banks in Asia this year. Yet, HNWIs are getting more selective as a diversified multi-theme strategy may no longer meet their needs. Gabriel Chan, head of investment services, Hong Kong, BNP Paribas Wealth Management, told Asian Private Banker that year to date, […]

The post Thematic mandates with household names no longer sufficient for DPM clients appeared first on Asian Private Banker.

Mignonne Cheng, BNP Paribas’ chairman of Wealth Management Asia Pacific, will officially retire at the end of this year, bringing to an end one of the most consequential and respected careers in Asian private banking history. Cheng formally announced her retirement plans on Thursday morning with a message to the bank’s APAC staff, as seen by Asian Private Banker. “Together, […]

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Latest government data from China showed the world’s second-largest economy is experiencing broad-based growth, thanks to an able management of the COVID-19 pandemic, adding legs to hopes of a global resilience to the economic fallout from the pandemic. China’s 3Q20 economic output likely grew 4.9% YoY, according to data released by the country’s National Bureau of Statistics. It grew 2.7% […]

The post China’s 3Q20 economic output print points to broad-based recovery appeared first on Asian Private Banker.

BNP Paribas has named a new head of Asia Pacific to succeed Eric Raynaud, who is retiring on 1 December 2020. Paul Yang has been appointed as head of Asia Pacific of the French lender, in addition to his current role as the CEO of Corporate and Institutional Banking (CIB) APAC, according to a press release published on Wednesday. This […]

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The next generation of ultra-high net worth families in Asia will further professionalise the handling of family wealth and are reshaping the investment preferences and banking relationships of wealthy families in the region, according to a new report by BNP Paribas Wealth Management and Campden Wealth. Titled “Banking, Entrepreneurialism, and the Next Generation of Wealth Holders 2020”, the 90-page document draws its […]

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Following the launch of two fixed maturity portfolios (FMPs) targeting Asia’s HNW investors, BNP Paribas Asset Management saw substantial inflows. Investor interest gravitated in particular towards an ESG-integrated FMP. Christian Bucaro, chief executive officer Singapore, head of strategic distributor relationships Asia Pacific, BNP Paribas Asset Management, told Asian Private Banker that the newly-rolled out FMPs accounted for a sizeable part […]

The post ESG and FMP themes intertwine perfectly in the current context: BNP Paribas AM appeared first on Asian Private Banker.

BNP Paribas on Friday said it moved around 250 of its securities unit’s employees, mostly in Poland and Italy, to wealth technology firm Allfunds. The move comes as financial firms across the world focus on retaining core revenue-generating staff while relying on outside but often related third-party providers to provide back-end and technology support. Allfunds, in which BNP Paribas Securities […]

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Two RMs have joined Julius Baer from BNP Paribas Wealth Management in Singapore, Asian Private Banker has learnt. Desmond Koh and Adrian Khoo joined Julius Baer in Singapore as executive directors, RMs. A spokesperson from the Swiss pure play confirmed the hires when Asian Private Banker reached out. Both Koh and Khoo were most recently managing directors at BNP Paribas […]

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BNP Paribas Wealth Management has hired a director from Deutsche Bank WM, Asian Private Banker has learnt. Dinesh Chandiramani left Deutsche Bank Wealth Management to join the French lender recently, according to sources close to the matter. Based in Singapore, Chandiramani was until recently a vice president, RM at Deutsche Bank WM, a position he held since 2017. Before that, […]

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“If you look at what has happened in the macroeconomic landscape, rates have gone from low to absurdly low during the COVID-19 crisis, while interest rates are going to be on hold for some time,” Prashant Bhayani told Asian Private Banker. “With income or yield becoming even tougher to generate in public markets, investors will increasingly look for yield in […]

The post COVID-19 whets appetite of Asian entrepreneurs for private assets: BNP Paribas WM appeared first on Asian Private Banker.

This week: Pictet WM: European recovery fund makes Europe equities interesting again; UBS GWM CIO: 2H20 reopening story a key driver of markets; BNP Paribas: China A-shares to see consolidation in the short term; Bank of Singapore: Euro likely to trade “sharply higher”; LGT Private Banking: More market headwinds in the short term Pictet WM: European recovery fund makes Europe […]

The post CIO Weekly – Featuring Pictet Wealth Management’s Evelyn Yeo appeared first on Asian Private Banker.

BNP Paribas Asset Management has appointed a new head of Asia Pacific as the former head retires, the firm announced through a press release today. Steven Billiet will replace Ligia Torres as head of Asia Pacific, effective 8 August 2020, as Torres will retire from her current role and return to Europe. Billiet joined BNPP AM earlier this year as […]

The post BNP Paribas AM picks new APAC head appeared first on Asian Private Banker.

This week: BNP Paribas sees high single to low double digits return for equity market; Pictet’s Pérez Ruiz upbeat on China, says more guidance needed for 2Q20 earnings; Standard Chartered Private Bank: Rally in Asia and China equities has more upside; Bank of Singapore is positive on Hong Kong stocks; UBS GWM expects India’s e-commerce to grow 17.3% over next […]

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Asia’s private banking landscape is being transformed, with technology becoming a key differentiator for industry players. This transformation has been accelerated by the COVID-19 pandemic. In its third issue, the annual AppMap sees PBs placing a greater emphasis on connectivity, usability, and going paperless. There have been notable advancements on the security front, in digital transactions and in trade execution. […]

The post Greater emphasis on connectivity, usability and going paperless: the APB AppMap 2020 update appeared first on Asian Private Banker.

The Asia head of structured investments and derivatives at BNP Paribas Wealth Management has resigned, Asian Private Banker has learnt. Henry Hui, head of structured investments and derivatives, Asia, resigned earlier this month, according to sources close to the matter. Based in Hong Kong, Hui joined BNP Paribas Wealth Management from Bank of Singapore in 2018 and also worked at the […]

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